Fox Run Management L.L.C. Sells 3,497 Shares of Carpenter Technology Co. (NYSE:CRS)

Fox Run Management L.L.C. decreased its holdings in shares of Carpenter Technology Co. (NYSE:CRSFree Report) by 29.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,311 shares of the basic materials company’s stock after selling 3,497 shares during the period. Fox Run Management L.L.C.’s holdings in Carpenter Technology were worth $559,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CRS. Bessemer Group Inc. bought a new stake in Carpenter Technology during the second quarter valued at $26,000. Point72 Hong Kong Ltd purchased a new stake in Carpenter Technology during the first quarter valued at about $26,000. Strs Ohio purchased a new stake in Carpenter Technology during the second quarter valued at about $28,000. Norwood Financial Corp purchased a new stake in Carpenter Technology during the second quarter valued at about $32,000. Finally, Penserra Capital Management LLC purchased a new stake in Carpenter Technology during the second quarter valued at about $32,000. Institutional investors own 91.86% of the company’s stock.

Carpenter Technology Stock Down 2.5 %

CRS opened at $63.34 on Wednesday. The company has a market cap of $3.13 billion, a P/E ratio of 21.92 and a beta of 1.63. The business’s 50-day moving average price is $68.06 and its 200-day moving average price is $64.88. The company has a current ratio of 2.90, a quick ratio of 1.26 and a debt-to-equity ratio of 0.47. Carpenter Technology Co. has a 12 month low of $38.24 and a 12 month high of $74.06.

Carpenter Technology (NYSE:CRSGet Free Report) last released its quarterly earnings data on Thursday, January 25th. The basic materials company reported $0.85 EPS for the quarter, hitting the consensus estimate of $0.85. The firm had revenue of $624.20 million for the quarter, compared to the consensus estimate of $669.56 million. Carpenter Technology had a return on equity of 10.21% and a net margin of 5.27%. On average, equities analysts expect that Carpenter Technology Co. will post 3.97 EPS for the current year.

Carpenter Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 7th. Investors of record on Tuesday, January 30th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, January 29th. This represents a $0.80 annualized dividend and a dividend yield of 1.26%. Carpenter Technology’s payout ratio is presently 27.68%.

Wall Street Analysts Forecast Growth

Separately, began coverage on Carpenter Technology in a research report on Thursday, October 5th. They set a “hold” rating on the stock. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $81.67.

Get Our Latest Analysis on CRS

Insider Buying and Selling

In related news, Director Charles Douglas Mclane, Jr. sold 3,791 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $66.42, for a total value of $251,798.22. Following the sale, the director now directly owns 6,459 shares of the company’s stock, valued at $429,006.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.40% of the stock is owned by insiders.

About Carpenter Technology

(Free Report)

Carpenter Technology Corporation engages in the manufacture, fabrication, and distribution of specialty metals in the United States, Europe, the Asia Pacific, Mexico, Canada, and internationally. It operates in two segments, Specialty Alloys Operations and Performance Engineered Products. The company offers specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels, as well as additives, and metal powders and parts.

See Also

Institutional Ownership by Quarter for Carpenter Technology (NYSE:CRS)

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